Your comments - day trading do you have what it takesLatest responses to “Day trading: Do you have what it takes?”Copyright 2015, MoneyBlueBook.comRajandran R says: 4093602010-09-28T05:38:56-07:00Rajandran ROnly Disciplined can run the day trading business. For others,
9 times gain = 1 time lossStarshard0 says: 4093302010-09-17T21:50:32-07:00Starshard0I don't have a lot of discipline in other areas of my life, but when it comes to personal finance that's where I stand out. I've considered doing some day trading, but I'll probably start small rather than just jump right into it.Greg McFarlane says: 4093202010-09-17T15:14:33-07:00Greg McFarlane"The key is to lose a little when you are wrong (which is often) and make a lot when you are right."
I understand that buying low and selling high is also a good strategy. Seriously, is there anything non-obvious in this post? I'd just like to know the stories of these successful day traders you say you know. There really exist people who make enough to cover the fees and turn a profit? OK.fiduciary Adviser says: 4093502010-09-15T14:28:58-07:00fiduciary AdviserA lousy way to make a living! A fun hobby!Andrew says: 4093402010-09-04T01:06:26-07:00AndrewI've tried to play games by dabbling on some day trading experimentation websites and my problem is the 2nd point listed above: Disclipline. I know that my issue is that I would have a ton of trouble sticking with a specific strategy, especially if it's not working out at first. I think I would be too quick to jump ship and I think this is a unique quality in day traders.